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The History Of Fuel Subsidy In Nigeria by bnovative(m): 11:33am On Dec 16, 2014 |
The fuel subsidy payment was introduced as a policy into the Nigerian during the IBB administration of when our refineries failed due to no-maintenance. It was introduced to temporarily stabilize the price of petroleum product while the refineries underwent rehabilitation. It was meant to last for only six (6) months. Licenses to lift, import and market oil was issued to friends of the administration (IBB) who happened to be mainly from the Hause-Fulani stock of Northern Nigeria. They were the new oil bloc holders. When the newly formed oil cabal of Hausa-Fulani hegemonists saw that they were making billions of petrol-dollars as profit from the payment of subsidy, they frustrated every effort channeled into the rehabilitation of Nigeria’s refineries. The policy that was meant to last only six (6) months has now lasted for almost thirty (30) years! It is on record that the IBBs, the Dantatas, the Sawoes, the Otedolas, the Danjumas, the Abachas, the Aremus, the Abubakars, and the Dangotes all own refineries in neighboring African country; those who don’t own refineries out- rightly all have substantial stakes in refineries in neighboring countries. The middle-belt, the Ndigbo and the South- South Nigerians were marginalized in the sharing of oil-bloc licenses by the IBB junta. The Yorubas got a little percentage of the bounty. Every other Nigerian tribe/ region were alienated by the hegemonistic Hausa-Fulani cabal. And in the face of this injustice against a people, no one stood for the voiceless. Now, to make their war more favorable, they have reminded you of how corrupt the government is! The same corruption the institutionalized and entrenched it in our society. Please ask them what they did when they were in power. |
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